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manish_okhade
Senior Member
Joined: 20/Oct/2008
Location: India
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Posts: 1997
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   Posted: 19/Aug/2009 at 7:40pm |
Originally posted by Vivek Sukhani
Originally posted by manish_okhade
Originally posted by Hitesh Shah
So what have you decided? |
I got all the gyan from TEDs but none whether entry price is right or wrong  . That was my motto of this post, now still dabbling with evaluation amd making up my mind to buy on dips. |
You may not lose, but you wont get your target CAGR over a longer period.
I get angry when friends throw such scenarios before me....i ask them, were you sleeping when Colgate was lotering in the 360-370 range??? As a friend I dont want my friends to get saddled with a non-performing stock. If not appreciation, they should get a decent return by way of dividends. |
Vivek,
I am tad new so seen the crash first time in my life, also regret for missing the opportunity. I simply could'nt muster enough courage to buy when it hits so low. Now my goal is determine safe entry range and possibly build a position patiently on dips and use the volatility to my benefit.
Any way i would like to thank you for being first to be so certian on replying on evaluation.
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Vivek Sukhani
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Joined: 23/Jul/2006
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Posts: 6675
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Posted: 19/Aug/2009 at 7:46pm |
On crash Colgate may easily get into 450 range, so dont build a huge position there.
Assuming 16 rupees as dividend, which is what I am expecting this year, at 450, it gets you that comfortable 3.5+ p.c. yield.
Of course, I am using a bit of Technical Analysis here, so I am prone to get this wrong. But then, 450 is possible, though not probable at this moment.
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Jai Guru!!!
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Hitesh Shah
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Joined: 12/Oct/2008
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Posts: 3656
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Posted: 19/Aug/2009 at 8:54pm |
Manish, you wrote: he he.. aap majaak achcha kar lete hain.
Thoda Co-Pm evaluation pe gyan bhi dijiye na.
Majaak is my strong point but evaluation is my big zero so I'm really sorry I can't contribute there....  Vivek, you have got me more confused than I already am ... In your post dated 17th August, you wrote: 4. As a thumb rule, consumer good companies should be bought when you think that the markets have topped out.And today, you wrote:
On crash Colgate may easily get into 450 range, so dont build a huge position there. Isn't this contradictory? 
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Vivek Sukhani
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Joined: 23/Jul/2006
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Posted: 19/Aug/2009 at 9:05pm |
A bit true....
Its like this, Hitesh bhai. These companies tend to outperform during bad times, and underperform during good times. Therefore, as a rule they should be bought on the advent of bad times.
But among consumer good companies, Colgate has outperformed a bit too much in the bad times. Therefore, it should return to something more sane for it to offer value.
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Jai Guru!!!
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rakeshmehta48
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Joined: 01/Dec/2007
Location: United Arab Emirates
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Posts: 544
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Posted: 19/Aug/2009 at 12:09pm |
Originally posted by manish_okhade
Originally posted by Hitesh Shah
So what have you decided? |
I got all the gyan from TEDs but none whether entry price is right or wrong . That was my motto of this post, now still dabbling with evaluation amd making up my mind to buy on dips. |
Colgate always looked expensive in the past and will remain so in the foreseeable future, but look at the returns this stock has given. Perhaps difficult to calculate on a calculator.
It looked very expensive some 20 - 30 years ago also. I remember having bought this stock in early eighties at around 250 or so (it was expensive at that time) and regret having sold it 4-5 years later.
One of my friend was blessed with a daughter in early 80's and I remember having advised him to buy 200 colgate for his daughter's marriage. He did and even today when we meet, he always thanks me.
The point I want to bring home here is that stocks like Colgate are ever green and one can go blindly for such stocks, if one is a long term investor.
Pricing/Timing is individual,s choice.
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Fund Management is Most Important
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somu0915
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Joined: 25/Nov/2008
Location: India
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Posted: 19/Aug/2009 at 12:21pm |
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How much has colgate appreciated in 30yrs?
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rakeshmehta48
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Joined: 01/Dec/2007
Location: United Arab Emirates
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Posts: 544
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Posted: 19/Aug/2009 at 1:11am |
Originally posted by somu0915
How much has colgate appreciated in 30yrs? |
I don't know exactly, but easily over 100 times capital appreciation plus annual dividends which itself must be over 2-3 times the initial investment.
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Fund Management is Most Important
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manish_okhade
Senior Member
Joined: 20/Oct/2008
Location: India
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Posts: 1997
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Posted: 19/Aug/2009 at 10:34am |
Originally posted by Vivek Sukhani
A bit true....
Its like this, Hitesh bhai. These companies tend to outperform during bad times, and underperform during good times. Therefore, as a rule they should be bought on the advent of bad times.
But among consumer good companies, Colgate has outperformed a bit too much in the bad times. Therefore, it should return to something more sane for it to offer value. |
Are you suggesting to wait for another crash to enter in Co-Pm?
Actually when crash happens then entire stock mkt is available at discount and we never knew when crash could happen!
So shall we wait for unpredictable time or device some safe entry point for sound scrips and enter slowly not in one go on dips?
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